VENKATA SARATH JAYANTHI
Financial And Accounting Analyst-III
Banglore,KA
Summary
Enterprising Financial Analyst over 8 years of experience examining financial statements and analyzing audit and levy related issues with a track record of success in collecting, monitoring, and studying data to analyze and reporting financial status and recommend business strategy. Maintains high standards of quality and excels in issue resolution through effective financial planning. Expertise in with in-depth knowledge of GAAP, PCAOB rules and standards, and Testing of Design and Operating Effectiveness of Internal Controls. Skilled in identifying and assessing risks in business process controls, recommending remediation's and improvements. Demonstrates a proven history of ensuring compliance through measurable enforcement actions.
Overview
8
8
years of professional experience
Work History
Financial Analyst
Enerpac India Private Limited
02.2023 - Current
- Streamlined financial reporting for better decision-making with clear, concise analysis and presentation.
- Preparation of Pre-close adjustments and Monthly merchant reconciliations, providing trend and variance analysis
- Conducted detailed financial analysis to identify and evaluate changes in operations, trends and potential areas of improvement.
- Initiated Lean Six Sigma project, saving 1800 hours/year and reducing intercompany accruals by nearly $10 million.
- Facilitated smooth month-end close processes by efficiently reconciling accounts and addressing discrepancies promptly.
- Streamlined audit processes, coordinating effectively with external auditors to ensure compliance.
- Streamlined financial reporting processes, significantly reducing time required for monthly close.
- Played a key role in annual audits by preparing detailed schedules, supporting documentation, and assisting auditors throughout the process.
- Trained junior analysts on best practices in financial modeling, contributing to a stronger overall team performance.
- Strengthened relationships with external partners through timely communication and collaboration.
- Reduced time spent on manual data entry, implementing automated data extraction tools.
- Improved cash flow management with rigorous accounts receivable tracking.
- Calculations of monthly accruals, Bad-debts, warranties, Customer rebates (Rubix and Dexus), depreciation for Fixed Assets and demo-items
- Suggesting and implementing processes improvements in the GL system to establish standardized workflow procedures and policies and preparing SOP's and updating chart of accounts other necessary checklists
- Taking part of transaction meetings with financial and Business controllers for clean-up activities on accounting policies and procedures.
- Streamlined financial reporting for better decision-making with clear, concise analysis and presentation.
- Participated in client meetings to discuss financial analysis and investment strategies.
Audit Associate
Ernst & Young
10.2021 - 01.2023
- Evaluated design and operating effectiveness of audit areas using vouching and reconciliation
- Identified control gaps in processes, procedures and systems through in-depth research and assessment and suggested methods for improvement
- Identified management control weaknesses and provided value added suggestions for remediation
- Completed audit papers by thoroughly documenting audit tests and findings
- Prepared working papers, reports and supporting documentation for audit findings
- Roll forwarding Significant Class of Transactions and Walk through forms, updating IT related general controls
- Participated in continuous improvement by generating suggestions, engaging in problem-solving activities to support teamwork.
Associate-2
KPMG GLOBAL DELIVERY CENTER
07.2020 - 10.2021
- Working extensively as support on Audit of Financial Statements of major Mutual funds & Hedge funds clients
- Performing Substantive test work of Audit related to Investment Management i.e., Capital Allocation, Incentive fee, Cost Roll, Realized and Unrealized Gain/Loss Testing, Purchase and Sales Test work, Management fee and ratio Analysis
- Procedures related to assertions such as Existence, Valuation, Completeness, and Accuracy in the audit of financial information provided
- Conducted a detailed review of SEC filings on Form N-Q, NCSR, and Form N-SAR
- As Advance Associate/Backup POD Lead for the team responsible for Allocating the work and managing the workflow for the day taking up the calls with the engagement teams regarding the flow of work expected in the upcoming months and obtaining feedback on the status of work
Accounting Specialist
CONSERO SOLUTIONS INDIA PVT. LTD
01.2019 - 03.2020
- Provided General Ledger support and analysis, inclusive of period-end financial close & Reporting in compliance with corporate and country requirements
- Responsible for monthly variation analysis and explanation of account balances
- Involving in weekly calls with clients for process updates and Inter-Company transactions
- End-to-end knowledge of vendor creation & Management in ERP
- Part of 4 remote transitions from the United States.
- Responsible for preparation of reports for tax filings – 1099
- SPOC for client escalations, process changes, and any additional details updating SOPs as per the change in process.
Article Assistant
LAKSHMANA SWAMY & ASSOCIATES
07.2015 - 07.2018
- Finalizing the accounting issues
- Responding to notices issued by the Assessing Officer to the Corporate and Individuals
- Representing clients before Income tax authorities for assessment purpose
- (I.e
- TDS, Regular, search and seizure and Appeals.) Knowledge of tax Audit requirements for companies, firms and Individuals
- Took a lead role in service tax investigation cases
- Expertise in evaluating internal and operational control procedures and determining liabilities and compliance with tax and labor laws
- Major Audit Assignments: Performed Statutory and General provident Fund Audit of Sports authority of Telangana (SATS)
- Audit of other Private Companies, Hospitals, Power project construction and educational institutions, Labor laws and Bank Audit of SBH.
Education
CPA -
NASBA
Banglore06.2024
C.A (IPCC) -
ICAI
Hyderabad11.2018
MBA -
Osmanai University
Hyderabad05.2017
B. Com - Accounting And Finance
Osmania University
Hyderabad04.2014
Skills
- Preparing budgets
- Accounting assistance
- Data Analysis
- MS Office Suite
- Financial statement analysis
- Report Preparation
- Excellent attention to detail
- Variance Analysis
- Documentation skills
- Revenue Recognition
- Account Reconciliation
- Auditing
- General ledger accounting
Accomplishments
- Received Commitment to excellence Award for creation of Inter-company reconciliation dashboards streamline intercompany reconciliation processes and weekly payment procedures, resulting in significant time savings of 1800 hours per year.
- Received another commitment to excellence for leading a critical automation project aimed at enhancing efficiency and accuracy in daily rate entry processes for the Poland entity. Implemented a BOT solution to streamline the data transfer from the Bank portal to Oracle, thereby eliminating manual efforts and significantly reducing processing time.
- Spot Award for Best Performance in Busy season in -2021
- Awarded with Consolation in inter school chess competition.
- Awarded with consolation in Singing Competition held by TTD.
Timeline
Financial Analyst
Enerpac India Private Limited
02.2023 - Current
Audit Associate
Ernst & Young
10.2021 - 01.2023
Associate-2
KPMG GLOBAL DELIVERY CENTER
07.2020 - 10.2021
Accounting Specialist
CONSERO SOLUTIONS INDIA PVT. LTD
01.2019 - 03.2020
Article Assistant
LAKSHMANA SWAMY & ASSOCIATES
07.2015 - 07.2018
CPA -
NASBA
C.A (IPCC) -
ICAI
MBA -
Osmanai University
B. Com - Accounting And Finance
Osmania University
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Personal traits
- Versatile and Flexible to Change
- Process improvement
- Team management
- Problem resolution
- Continuous Learning
- A quick learner with ‘Can Do' attitude.
- Good team spirit & Zeal to learn.
- Good interpersonal and communication skills.
Other Interests
- Taxation
- Strategic Management
- Financial planning
Proficient in software
- Oracle
- One-stream
- HFM
- Intacct
- Bill.com
- Simple
- Nexonia
- Expensify
- Concur
Disclaimer
I hereby declared that all the above details are true and correct to the best of my knowledge.
Personal traits
- Versatile and Flexible to Change
- Process improvement
- Team management
- Problem resolution
- Continuous Learning
- A quick learner with ‘Can Do' attitude.
- Good team spirit & Zeal to learn.
- Good interpersonal and communication skills.
Other Interests
- Taxation
- Strategic Management
- Financial planning
Proficient in software
- Oracle
- One-stream
- HFM
- Intacct
- Bill.com
- Simple
- Nexonia
- Expensify
- Concur
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